Newbie from Ronkonkoma, NY (Long Island)

9 Replies

Hello my name's Sharrie Gillespie.  My husband, Mike and I are brand new to BP and the real estate world.  My husband is a contractor and we've been looking to move towards rehab & flipping in Suffolk County on Long Island and have decided it's time to do it instead of just thinking about it.  We've been reading all we can and talking to as many people as we can to learn the ropes.  Our biggest issue of course is getting started with funding but finding properties doesn't fall so far behind. ;-)

Anyway, I'm really happy I've found BP and I'm looking forward to getting to know the people on here and the business!  Any advice is certainly appreciated!

Hello @Sharrie G.  ! welcome to BP. I too live on LI very close to you (in Smithtown). I am brand new to real estate investing so I am in the same boat as you. I am actually a student at Marist College upstate right now and plan to get active in the LI area real soon. Best of luck to you in the future.

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@Sharrie G.  

Welcome. Fill in the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 90 past ones to catch up on.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers.

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul

Welcome to BP community @Sharrie G.   It is a great place to meet new friends and learn about various aspects of real estate and more. 

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Wishing you the best! 

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